Emkay Global Financial Services released its Automobiles report recently, according to which the May’21 volumes were likely to be hit by the second Covid-19 wave and lockdowns across states.

Maruti Suzuki and Ashok Leyland signed a Letter of Intent (LOI) with the newly incorporated JV IOC Phinergy Limited.

With a lot happening in India to take electric vehicles (EVs) into masses, many companies are leveraging the opportunity for EV charging.

Fortum India Pvt Ltd, a leading electric vehicle charging solution provider, started business of electric vehicles charging stations under brand, Fortum Charge & Drive.

The chargers will be operated by Tata Power and will adhere to Bharat Standard (15 kW) for the initial 50 chargers. Going forward, the companies will also have charging stations that will adhere to 30-50 kW DC CCS2 standard.

Hyundai Motor India, one of the largest exporters in India, has recently introduced Kona Electric, first fully electric SUV targeting long range of 452 km on every charge.

Kona Electric offers differentiated driving modes (Eco+, Eco, Comfort and Sport) optimise torque distribution, tailoring Kona Electric to a variety of driving preferences and purposes. In Sport mode, there is a greater emphasis on acceleration, while Eco+ and Eco modes progressively prioritize range over performance with more conservative power-delivery and deliver maximum Electric Range by brake regeneration.

The Indian composites industry has witnessed single digit growth in recent years and is expected to grow at a Compounded Annual Growth Rate (CAGR) of 8.2 per cent in the next five years.

Honeywell will provide new Pressure Swing Adsorption (PSA) units to IOCL refineries at Gujarat, Panipat, and Mathura, and will upgrade existing hydrogen plants at refineries in Haldia, Guwahati and Gujarat